Internet (Online) Acquiring:
BAFL offers secured Internet acquiring business to its customer to facilitate their payments locally and internationally. For this purpose, BAFL provides secure internet business environment powered by MPGS (Mastercard Payment Gateway Service).
Bank Alfalah enjoys market leadership in the online acquiring business with more than 50% market share and the trust of hundreds of merchants including Payment Facilitators such as Easypaisa, NIFT, Payfast etc.
Our Internet acquiring capability is a partnership between Bank Alfalah and MasterCard. MasterCard’s distributed intelligence network and world -class operational infrastructure are second to none in the payments industry in terms of quality, reliability and flexibility.
Schemes onboarded for internet payment gateway
Who can opt for Online Acquiring:
Following businesses with a running website/app can opt for Bank Alfalah Internet acquiring business
- Sole Proprietor
- Private/Public Limited Company
BAFL internet acquiring offers the below integration options:
- Direct API Integration
- Hosted Checkout
- Hosted Session
For improved customer experience and security, BAFL Internet acquiring also offers Tokenization and Recurring payments functionality
Hassle free Settlement – T+2 (working days)
- Ravi Urban Development Authority (RUDA): https://ruda.gov.pk/
In 2005, we introduced state of the art card acquiring facility in Pakistan. Our objective is to cater the needs of our customers/merchants. Our goal is to constantly endeavor to increase the existing base by adding valuable business partners. Currently, BAFL is the one of the market leaders in Acquiring business with more than 26% market share in terms of business volumes translating into a network of more than 20,000 plus POS machines across Pakistan. POS machines are enabled with Tap n Pay feature to improve the customer experience at POS terminals.
BAFL offers POS management platforms, which comprises of;
- Terminal Management System for remote update
- Loyalty System – Orbits Redemption
- Merchant Portal – Web portal for merchants to monitor volumes
- Acceptance of cards of all schemes including VISA, Mastercard, UnionPay, American Express & JCB
- Android based POS machines making it easier for merchants and customers to make transactions
Support & Maintenance:
BAFL offers countrywide support team to ensure smooth services to merchants, which includes services of;
- On-site maintenance of terminals
- Ensures availability of back up terminals
- Provision of multiple terminals on key sites
- POS rolls provision
Funds are settled on T+1 (working day) basis in merchant accounts